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Highlights
from Front End Innovation @Munich, Feb. 2014
Theory & practice
The top 20% of innovators grew
1.5x the rate of the average
global company over the last 3
years...

...and expect to grow at twice the rate over the next 5 years.
blinders & orthodoxies
harness trends
leverage resources
but the holy grail is understanding
customers needs
(in Four Lenses of Innovation)
!

Open Innovation Ecosystems are feasible, desirable and profitable.
Frugal Innovation (aka Jugaad
Innovation)
R&D spending no correlation
are you considering frugal?
Dacia became Renault’s Cashcow
MIT engineer training
62% population
never underestimate the unleashing powers
of constraints
organizational drift
ikeafication
horizontal Vs vertical growth

!

"without deviation from the
norm, progress is not
possible"
experimentation
failure recycling
patience and
perseverance
economics of attention
"information overload generates the best and
the worst of times” (quoting Charles Dickens)
2.5M$
5%
not every smart guy is on your
company
innovation attacks the immune system
what if Picasso followed Classic Art
Processes?
So, how should you innovate to grow?

In our Global Innovation Survey, we found that leading innovators are




	 •	 Managing innovation formally, like any other

business process
Trends
UX & Design Thinking
Emergent Markets
Top Insights
sunsetting industries

paper book publishing

cars driven by humans

wired communications 1.0

administration with printed paper

banks with physical branches

own IT centres

good old school and university
Ux & Design Thinking & ODI/JTBD
Open Innovation (ecosystems)
Gen Y
Full focused team on innovation development (CIO)
austerity and innovation
Import-export ideas to seed innovation
enabling software crowdsourcing
startups | Universities | R&D Institutes (Patents)
corporate venturing
•

we need success stories
serendipity
Chief Knowledge Officer
		 Designing and installing techniques and processes to create, protect, and use
known knowledge.

		 Designing and creating environments and activities to discover and release
knowledge that is not known.

		 Articulating the purpose and nature of managing knowledge as a resource
and embodying it in other initiatives and programs.
It's good to remember not only the role of adversity in solving problems
but also to remember that we can get the solution so often with scarce
resources.
Alexandre Mendes

call me: + 351 93 617 10 33

email me: carlosmendes.email@gmail.com

@senhoralfaiate /carlosalexandremendes /alexandresampaiomendes

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highlights from FEI @meetup março 2014